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27 Sep
Financial Analysts Weigh In On NetSuite

NetSuite (NYSE: N), which is a provider of ERP/Financial /CRM/eCommerce software suite for small, medium and large businesses has seen its fortune rise as businesses rush to cut cost on IT infrastructure and bring in efficiencies. A number of investment analysts have started paying attention to the stock. Most have either upped their target price or put a hold rating.

Goldman Sachs, which currently has a buy rating on, has upped the target price from $60.00 to $70.00 in a research report sent out on Wednesday morning to investors.

Namura Security analyst have recently weighed in with coverage of NetSuite stock, and in a recent research note addressed to their subscribers and investors, they set a neutral rating. Full service global investment bank Canaccord Genuity has reaffirmed hold rating on NetSuite stock in a research note sent to investors recently.

Deutsche Bank has upped their price target of NetSuite in their research note. They have put a hold rating on the stock.

NetSuite, which has a year’s low of $25.32 and a high of $63.25, opened at $60.94 on Wednesday.Total market cap of the company is $4.3 billion. Quarterly revenue has been growing at the rate of 29.02% pm a year-over-year basis. The company has seen the fastest growth among its peers.